XML 45 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Net revenues $ 2,191.5 $ 1,535.5 $ 4,583.7 $ 3,356.7
Cost of sales:        
Cost of materials and other 1,995.8 1,277.8 4,201.3 3,188.4
Operating expenses (excluding depreciation and amortization presented below) 129.6 103.4 257.6 232.6
Depreciation and amortization 60.5 53.6 122.8 100.6
Total cost of sales 2,185.9 1,434.8 4,581.7 3,521.6
Operating expenses related to retail and wholesale business (excluding depreciation and amortization presented below) 31.5 24.4 52.8 49.7
General and administrative expenses 58.6 61.7 105.7 127.4
Depreciation and amortization 5.8 6.0 12.0 11.6
Other operating income, net (4.9) (14.2) (3.0) (14.9)
Total operating costs and expenses 2,276.9 1,512.7 4,749.2 3,695.4
Operating (loss) income (85.4) 22.8 (165.5) (338.7)
Interest expense 33.2 29.8 62.8 66.1
Interest income (0.1) (0.5) (0.3) (2.2)
Income from equity method investments (6.8) (10.7) (11.6) (15.8)
Gain on sale of non-operating refinery 0.0 (56.9) 0.0 (56.9)
Other expense (income), net 6.8 (1.5) 5.8 (2.4)
Total non-operating expense (income), net 33.1 (39.8) 56.7 (11.2)
(Loss) income before income tax benefit (118.5) 62.6 (222.2) (327.5)
Income tax benefit (46.0) (35.9) (58.4) (119.0)
(Loss) income from continuing operations, net of tax (72.5) 98.5 (163.8) (208.5)
Discontinued operations:        
Net (loss) income (72.5) 98.5 (163.8) (208.5)
Net income attributed to non-controlling interests 8.6 10.8 15.9 18.2
Net (loss) income attributable to Delek $ (81.1) $ 87.7 $ (179.7) $ (226.7)
Basic income (loss) per share:        
Basic (loss) income per share (USD per Share) $ (1.10) $ 1.19 $ (2.43) $ (3.08)
Diluted income (loss) per share:        
Diluted (loss) income per share (USD per share) (1.10) 1.18 (2.43) (3.08)
Dividends declared per common share outstanding (in dollars per share) $ 0 $ 0.31 $ 0 $ 0.62